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Nov 29, 2012
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referr
>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as...
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Dec 3, 2012
12/12
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could plunge off the fiscal cliff. this morning at least one republican is saying it's looking more like that's going to happen. after the plan laid out by the white house. >>> and she helped care for more than 140 children whose parents are behind bars in nepal. now she's got a new title. cnn hero of the year. cnn hero of the year. "newsroom" starting now. -- captions by vitac -- www.vitac.com >>> good morning. thank you so much for joining me. i'm carol costello. concern this morning that a young woman's death will be overshadowed by fame. by now, even if you're not a football fan, you know the name jovan belcher. you know he killed the mother of his child and then committed suicide. but what do we know about his girlfriend? his partner? the mother of his child, kasandra perkins? according to the kansas city star perkins and belcher were madly in love but argued of late. the star added many people knew that belcher owned guns and enjoyed shooting but they'd never known him to be violent. not even close. nbc's bob cos
could plunge off the fiscal cliff. this morning at least one republican is saying it's looking more like that's going to happen. after the plan laid out by the white house. >>> and she helped care for more than 140 children whose parents are behind bars in nepal. now she's got a new title. cnn hero of the year. cnn hero of the year. "newsroom" starting now. -- captions by vitac -- www.vitac.com >>> good morning. thank you so much for joining me. i'm carol costello....
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Dec 31, 2012
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is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
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Nov 15, 2012
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we're at 47 days still the fiscal cliff shows up. most of what we hear about the fiscal cliff is panic and alarm and tax hikes and spending cuts and all of this is set to kick off at the beginning of the year. face the dire consequences or else. get your parachute. guess what, there's somebody who knows a thing or two about money who doesn't seem to be anywhere near as worried as those other people who are telling us we're about to plummet. it's billionaire warren buffett. he says as long as president obama holds firm on the wealthiest americans paying more taxes, we can just go on right over that fiscal cliff and we will not dive back into recession. how do i know this? because poppy harlow knows this. she sat down for the exclusive interview. you have the greatest access to warren. every time there's news, you seem to get it. i was looking at your interview earlier. he's very candid with you about this. this doesn't look like it's for political gain in any way. we're past the election. it's incredible what he said. >> it really sur
we're at 47 days still the fiscal cliff shows up. most of what we hear about the fiscal cliff is panic and alarm and tax hikes and spending cuts and all of this is set to kick off at the beginning of the year. face the dire consequences or else. get your parachute. guess what, there's somebody who knows a thing or two about money who doesn't seem to be anywhere near as worried as those other people who are telling us we're about to plummet. it's billionaire warren buffett. he says as long as...
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Dec 27, 2012
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thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. wel
thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive...
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Nov 9, 2012
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the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does what a lot of people think needs to happen. it spreads pain across a variety of americans. we may dip in to a recession, but heck we sure do solve the debt crisis, don't we? that said it is pretty easy to be cavalier and say it is no big deal. how do you feel if the dow goes down 2 thourk points in the interim or one of the people that loses a job because your company is freaking out over this debate going on and on and on. i don't think it is fair to say it is no big deal. it is a big deal. is it the end of the world? no. nothing i
the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does...
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Dec 2, 2012
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i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been through this before and just through the campaign, when they come in and change, i just have a hard time believing this congress, the one that got us into the mess we are dealing with, will somehow field a way to get out of it. >> i understand what you're saying about waiting for the new people to come in, but many of the new people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe
i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been...
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Nov 7, 2012
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and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you, through everything last night, what was the biggest surprise in your opinion? >> the biggest surprise, brooke, over to the magic wall and take a look. the biggest surprise is we'll talk more about this in the hour ahead, we're waiting to see who gets florida's 29 electoral votes. a lot of the talk heading into the election is we were waiting on the morning after, it would be in ohio. it went for the president. another surprise for me, if you look at this map and go back to 2008, i'll switch maps in a minute, these are the two take aways for mitt romney. a closer look in terms of the popular vote. from an electo
and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you,...
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Sep 21, 2012
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what about, you mentioned the fiscal cliff, the fiscal cliff is looming, called it a manufactured crisis. what about the republicans, though? your party -- do the republicans need to give in on opposition to raising taxes to help the deficit? do they need to give in? >> you know, the point is here, brooke, is have the committees address these issues in a timely fashion, as i mentioned, which would have been, frankly, last year, you know? asint committsign the committeed have had tax reform and get everybody on board. >> but that didn't happen. as we well know. what about now? what about republicans? will they give in? >> well, it is a question of what we're giving in -- it is not a question of giving in, it is what is it that we're going to address and how we're going to address it for the future of the country? what are the ideas and what is the merit of a plan and who is going to be drafting? we have to have people have been elected by their constituents, anticipating the committee process to get this done. that's why i argue with the majority of the leader in the letter. have us lay t
what about, you mentioned the fiscal cliff, the fiscal cliff is looming, called it a manufactured crisis. what about the republicans, though? your party -- do the republicans need to give in on opposition to raising taxes to help the deficit? do they need to give in? >> you know, the point is here, brooke, is have the committees address these issues in a timely fashion, as i mentioned, which would have been, frankly, last year, you know? asint committsign the committeed have had tax...
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Dec 5, 2012
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the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of you
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal...
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Dec 6, 2012
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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Dec 4, 2012
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the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it...
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Nov 28, 2012
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we have heard a lot about the fiscal cliff. i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot, folks. the powerball jackpot. it just so happens to take millions of us buying up tickets to fatten up that jackpot to that big old size. alison kosic is at a 7-eleven in new york basically meeting a few of the wanna-be one percenters. the truth of the matter, what are the odds? >> reporter: i know. i hate to throw cold water on your whole dream statement that you gave. yes this is all about dreams but you know the odds of winning are really low. 175 million to 1. those are your odds. you know wh
we have heard a lot about the fiscal cliff. i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth...
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Nov 26, 2012
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Dec 10, 2012
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breaking news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and there's no grown-ups in washington that will say time-out, stop the politics, let's have a compromise rather than continue to play the game through the press and hurt the country. >> more on this story in just a few minutes with our senior political analyst, david gergen. >>> a half million dollars, that's the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in a car accident this weekend that killed teammate jerry brown, jr. police believe brent was drunk wh
breaking news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on...
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Dec 6, 2012
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. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3
. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations....
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fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slashed from the epa budget. cutting back of food inspection. disaster relief, omb says, quote, the federal emergency management administration's ability to respond would be undermined. and finally, from border patrol to hiring new fbi agents, correction officers, federal prosecutors, all could be scaled back. now, all of these cuts, brooke, don't happen exactly at 12:01 a.m. on january 2nd. they happen over the course of a year. but agencies are preparing for an impasse in w
fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer...
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Nov 28, 2012
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only you can avoid the fiscal cliff. talk back question today, will the president's fiscal cliff road tour work? have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪
only you can avoid the fiscal cliff. talk back question today, will the president's fiscal cliff road tour work? have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of...
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Nov 11, 2012
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from going headlong over the so-called fiscal cliff in the new year. that's when an onslaught of spending cuts and tax hikes are slated to go into effect. cnn's athena jones has more from washington. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fiscal cliff. if we just go over the cliff and let the policies stay in effect we're basically going to undo the recovery. neither party really wants to be blamed for that. >> reporter: the cliff amounts to $7 trillion in spending cuts and tax increases over the next decade. the threat of these painful cuts set to begin on january 1st is part of a deal congress and the president made last year to force them to agree on a long-term deficit reduction plan. >> this is an unprecedented scenario that congress has basically put a gun to its own head and said if we don't act, we're going to shoot ourselves. >> reporter: so far that long-term plan hasn't materialized. the biggest chunk of the cli
from going headlong over the so-called fiscal cliff in the new year. that's when an onslaught of spending cuts and tax hikes are slated to go into effect. cnn's athena jones has more from washington. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fiscal cliff. if we just go over the cliff and let the policies stay in effect we're basically going to undo the...
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Jun 13, 2012
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he's talking about this fiscal cliff where you have a bunch of tax cuts expiring and automatic spending cuts that would be triggered. people are calling this the cliff. the white house knows it's got to deal with this. they are moving toward this. jamie dimon is not tonl corporate ceo that's been talking about this. both this and the longer term deficit. those are big things that wall street guys like to talk about a look, brooke. >> they even brought up student loans. a lot of people are worried about the interest rates. the deadline is july. ma thanks to you in washington. >>> let's look at the big board. it's down just a bit, 18 points. this is happening as we are getting news that the retail sales are down for two months in a row. alison kosik, why? >> reporter: it shows the economic recovery that we're in the middle of really is cutting into confidence because no one really knows which way it's going. we learned that consumers spent less money in may and they did the month before. you see the biggest decline at gas stations. gas prices fell 20 cents a gallon from april to may. that
he's talking about this fiscal cliff where you have a bunch of tax cuts expiring and automatic spending cuts that would be triggered. people are calling this the cliff. the white house knows it's got to deal with this. they are moving toward this. jamie dimon is not tonl corporate ceo that's been talking about this. both this and the longer term deficit. those are big things that wall street guys like to talk about a look, brooke. >> they even brought up student loans. a lot of people are...
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Dec 7, 2012
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fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the government calls people up and they say i'm not working or i've dropped out of the labor market or whatever, you can see just how big the labor market is. we know that there are some, i think, 300,000 some people who have dropped out of the labor market. they've either dropped out. they could
fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you...
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Dec 2, 2012
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by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> very next day, boehner is suddenly grim, talks having accomplished a thing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body langua
by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to...
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Dec 31, 2012
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the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how investors are reacting this hour. >>> first, another story. the health condition of the nation's top diplomat. this morning secretary of state hillary clinton is waking up now in a new york hospital. she is being treated for a blood clot that formed after her fall and concussion that happened a few weeks ago. want to bring in dr. sanjay gupta, our chief medical correspondent. sanjay, explain this for us because, first of all, when you think about it, she developed this blood clot related to a concussion. you would think maybe the clot formed in the brain, but that's not necessarily the case. >> no, it's not necessarily the case. and i think saying it's related to the concussion, that may be
the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how investors are reacting this hour. >>> first, another story. the health condition of the nation's top diplomat. this morning secretary of state...
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Dec 9, 2012
12/12
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fiscal cliff, just 24 days away. >>> he's nba royalty. one of the best basketball players of all time. talking about kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court, a six-time. he's also the nba's all-time leading scorer. he is also among thousands of americans living with leukemia. kareem says his diagnose is not as a death sentence but as a manageable disease. >> in december of 2008, i was diagnosed. it came after a long series of night sweats and stuff that would come and go. it was months. i really should have gone and talked to my doctor about it earlier. but i thought it was just me getting older. and it was really symptoms of the type of leukemia i have, which is called cml, chronic myaloid leukemia. being able to give over cml patients that they are not alone and that they can treat their condition and survive is very important. that's why i'm partners with novartis who's been very important to me. their medication has enabled me to live my life to the fullest. i've thought abo
fiscal cliff, just 24 days away. >>> he's nba royalty. one of the best basketball players of all time. talking about kareem abdul-jabbar. he thrilled millions of fans with the sky hook, his trademark move on the court, a six-time. he's also the nba's all-time leading scorer. he is also among thousands of americans living with leukemia. kareem says his diagnose is not as a death sentence but as a manageable disease. >> in december of 2008, i was diagnosed. it came after a long...
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Nov 27, 2012
11/12
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fiscal cliff, okay, dollar for you, there you go. thank you, richard. in days he's officially going to become the new president of mexico but first a sit-down with president obama. challenges that are facing two neighbors from immigration to the drug trade. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage
fiscal cliff, okay, dollar for you, there you go. thank you, richard. in days he's officially going to become the new president of mexico but first a sit-down with president obama. challenges that are facing two neighbors from immigration to the drug trade. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the...
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Nov 14, 2012
11/12
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talking about this looming fiscal cliff. and unless congress and the white house can reach a deal on cutting the deficit, we're heading over it. we just heard from the president who says solving the fiscal cliff is simple math. >> i know the math pretty well. and it really is arithmetic, not calculus. >> let's bring in the author of the book "how to really ruin your financial life and portfolio," ben stein. ben, good to see you. >> nice to see you. >> a high stakes meeting slated for this friday. what can the president afford to give up in these negotiations and how about congressional republicans? what can they give up? >> i think the ideal solution would be to keep the tax increases, to keep the tax increases in place. mr. buffett is completely correct. we need higher taxes. we need higher taxes than the one contemplated in the fiscal cliff. i would be extremely worried about the cuts in defense. we live in an extremely challenging world. i hate to see the u.s. cut one dollar out of defense when as long as we have enemies
talking about this looming fiscal cliff. and unless congress and the white house can reach a deal on cutting the deficit, we're heading over it. we just heard from the president who says solving the fiscal cliff is simple math. >> i know the math pretty well. and it really is arithmetic, not calculus. >> let's bring in the author of the book "how to really ruin your financial life and portfolio," ben stein. ben, good to see you. >> nice to see you. >> a high...
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Oct 2, 2012
10/12
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we're talking about the dreaded fiscal cliff. economists think it's the most serious risk facing our economy and your taxes can go up thousands of dollars. to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. in fact, by thinking about where you want your education to lead, while you're still in school, you might find the best route leads somewhere you weren't even looking. let's get to work. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >> time running out for congress and the president to reach a budget deal. if they don't we could come what's called the fiscal cliff that could cost thousands of dollars in tax increase because a slew of temporary tax cuts are due to expire in january. alison kosik is here to talk a little bit what folks on wall street are calling a major threat to the economy. why do they say that? >> reporter: it
we're talking about the dreaded fiscal cliff. economists think it's the most serious risk facing our economy and your taxes can go up thousands of dollars. to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. in fact, by thinking about where you want your education to lead, while you're still in school, you might find the best route leads somewhere you weren't even looking. let's get to work. starts with arthritis pain and a choice....
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Dec 3, 2012
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. >>> the fiscal cliff, less than a month away. if democrats and republicans don't reach an agreement, everybody's taxes will go up january 1st, and as emily schmidt reports, there's been a lot of talking on the sunday talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion
. >>> the fiscal cliff, less than a month away. if democrats and republicans don't reach an agreement, everybody's taxes will go up january 1st, and as emily schmidt reports, there's been a lot of talking on the sunday talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement...
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Nov 14, 2012
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he is talking about the fiscal cliff. it's going to be his first public meeting with corporate leaders since being re-elected. now, among those attending the white house meeting general electric ceo american express ceo -- and the ceos of aetna, ford, ibm, proctor & gamble, honeywell, pepsco, and -- many leaders said they are holding back hiring and spending because they're worried about washington gridlock over the fiscal cliff. what are we talking about here? .$7 trillion in tax hikes and spending cuts that's going to take effect next year if sknk and the president don't come up with a budget deal. nearly 90% of all americans will see an increase in taxes mechanics year. the average household will pay about $3,500 more a year in taxes. jennifer granholm is michigan's former governor and now host of current tv's "war the war room." you might remember her rouzing speech at the democratic national convention nominating president obama. it is now to the serious business of governing. jennifer, thank you for being with us. i
he is talking about the fiscal cliff. it's going to be his first public meeting with corporate leaders since being re-elected. now, among those attending the white house meeting general electric ceo american express ceo -- and the ceos of aetna, ford, ibm, proctor & gamble, honeywell, pepsco, and -- many leaders said they are holding back hiring and spending because they're worried about washington gridlock over the fiscal cliff. what are we talking about here? .$7 trillion in tax hikes and...
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Nov 26, 2012
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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Nov 16, 2012
11/12
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we are heading toward a fiscal cliff. should congress and the president let the country fall off the cliff and agree to a tax hike, or create a bridge and extend the current tax breaks? what you're saying. plus, a political divide. more than 100 years ago the new movie "lincoln's" take on the battle over slavery. "lincoln" actress gloria ruben joins us live. this is cmn newsroom, and it's happening now. chilean granite... chilean granite... so, how's it in person? i should send you a picture. floor to ceiling bookshelves... floor to ceiling bookshelves... original windows... original windows... and this... is that a... fireplace face -- yes, yes it is. fireplace shaped like a face. i know right! [ male announcer ] only at&t's network lets you talk and surf at the same time on your iphone 5. rethink possible. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you
we are heading toward a fiscal cliff. should congress and the president let the country fall off the cliff and agree to a tax hike, or create a bridge and extend the current tax breaks? what you're saying. plus, a political divide. more than 100 years ago the new movie "lincoln's" take on the battle over slavery. "lincoln" actress gloria ruben joins us live. this is cmn newsroom, and it's happening now. chilean granite... chilean granite... so, how's it in person? i should...
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Sep 24, 2012
09/12
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the fiscal cliff will mean big cuts to federally funded research. and this is the way one of the industry groups has looked at this. 200,000 job cuts by next year. the cost of gdp could be $860 billion. so what does that mean? how much is that? if you look at the low end of estimates for what the economy will be hurt, how badly hurt by just cuts it is six months of new vehicle perches, two years of airline travel, six years of professional sporting events. that is the impact it would have. that activity would be taken out of the economy. >> we are going to make these cuts and be fiscally restraining ourselves. do we all of a sudden get a boost and get the credit agency saying good job. >> it would put the u.s. in a better footing on the debt front. we do need to work on the debt and deficit front. but the down side of that to get the better debt footing you would face probably a very crushing recession. >> we go over that cliff into the whole of recession. >> congress is supposed to be a little more nuanced than this. this congress cannot handle g w
the fiscal cliff will mean big cuts to federally funded research. and this is the way one of the industry groups has looked at this. 200,000 job cuts by next year. the cost of gdp could be $860 billion. so what does that mean? how much is that? if you look at the low end of estimates for what the economy will be hurt, how badly hurt by just cuts it is six months of new vehicle perches, two years of airline travel, six years of professional sporting events. that is the impact it would have. that...
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Jul 17, 2012
07/12
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the good old fiscal cliff. yeah, get ready, suzanne, to hear that phrase a lot over the next six months. what that is is essentially a handful of different policies schedule to automatically expire early next year that would literally take billions of dollars out of the economy when the economy barely has a pulse unless congress does something. now, some of what would happen here is, number one, the bush tax cuts would expire. president obama says he wants to extend these cuts for americans who make less than $250,000 a year, but let them expire for families with net incomes above that level. what would also happen is the payroll tax cut. that would go away. that would mean less money in your paycheck. the alternative minimum tax would expand to upper middle income earners. some people would be paying more in taxes. also a bunch of spending cuts kick in, all together, most of those cuts are targeted at military defense. it would cut about $100 billion from the budget next year. and for millions of americans, th
the good old fiscal cliff. yeah, get ready, suzanne, to hear that phrase a lot over the next six months. what that is is essentially a handful of different policies schedule to automatically expire early next year that would literally take billions of dollars out of the economy when the economy barely has a pulse unless congress does something. now, some of what would happen here is, number one, the bush tax cuts would expire. president obama says he wants to extend these cuts for americans who...